Philip Morris International Inc. (NYSE: PM) reported its financial results for the quarter ended March 31, 2020 today.
Philip Morris reported a 35% jump in earnings for the first quarter of 2020 due to higher revenue. Total IQOS users at quarter-end estimated at about 14.6 million, of which about 10.6 million have stopped smoking and switched to IQOS. The company expects that the pandemic will have adverse impacts on its full-year 2020 business results.
Given the inherent uncertainty surrounding the COVID-19 pandemic and the related impact on PMI’s business globally, the company is currently unable to forecast its full-year financial results with reasonable accuracy. Therefore, the company is withdrawing its earnings guidance for fiscal 2020. The company sees second-quarter EPS in the range of $1.00-1.10, including the unfavorable currency impact.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard